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Cabot Oil Company (COG) likely to show early reversal towards upswing
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Posted on 10/27/09 at 7:57am by Mark Moneymaster
Cabot Oil Company (NYSE: COG) delivered impressive Q3 results with operating earnings of $0.38 per share, which were higher than J.P. Morgan’s expectations of $0.36 per share.
The Cabot Oil Company (COG) stock has been trending negatively over the past four sessions. However, the COG stock may show a trend reversal with a gap-up opening on Tuesday, since J.P. Morgan has upgraded the stock to overweight on the back of impressive results.
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